Oil posted the first weekly gain since early April after tracking broader market sentiment that embraced risk assets on rising optimism the US will reach a debt-ceiling deal.
Crude largely abandoned the fundamental trade this week, with traders dissecting news from Washington on attempts to avert a catastrophic default. House Speaker Kevin McCarthy sent mixed messages by saying an agreement in principle may be reached as soon as this weekend, but adding on Friday that bipartisan talks in Was ....
22 May 2023
Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Diversified Energy, Tethys Oil, Pantheon Resources, Egdon Resources, Energean, IOG, Union Jack Oil, Arrow Exploration, Afentra, Canadian Overseas, Zephyr Energy, Tower Resources, EnQuest, Barryr
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.8 | Diversified Energy Company PLC (DEC:LON), 1,078 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.5 | Longboat Energy Plc (LBE:LON), 16.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | Tethys Oil AB (TETY:OME), 0
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Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Diversified Energy, Tethys Oil, Pantheon Resources, Egdon Resources, Energean, IOG, Union Jack Oil, Arrow Exploration, Afentra, Canadian Overseas, Zephyr Energy, Tower Resources, EnQuest, Barryr
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.8 | Diversified Energy Company PLC (DEC:LON), 1,078 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.5 | Longboat Energy Plc (LBE:LON), 16.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | Tethys Oil AB (TETY:OME), 0
- Published:
22 May 2023 -
Author:
James McCormack -
Pages:
7
Oil posted the first weekly gain since early April after tracking broader market sentiment that embraced risk assets on rising optimism the US will reach a debt-ceiling deal.
Crude largely abandoned the fundamental trade this week, with traders dissecting news from Washington on attempts to avert a catastrophic default. House Speaker Kevin McCarthy sent mixed messages by saying an agreement in principle may be reached as soon as this weekend, but adding on Friday that bipartisan talks in Was ....